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Luxembourg turns up the heat in search for new business

Risk staff

12 Mar 2002

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As large European banks and financial houses establish more hedge fund products they are turning increasingly to Luxembourg. In turn the country is aggressively promoting what it has to offer and is in the process of tweaking laws to make it more streamlined for hedge funds using short-selling techniques to domicile in the Grand Duchy.

Furthermore this report discovered the Isle of Man and Guernsey have been quietly attracting more hedge funds while growth in the Cayman Islands, BVI, Bermuda and